Systemically Risky

I have more to say about government as a systemic risk here at the Future of Freedom Foundation website. A teaser:

The Obama administration and congressional leaders assure us that the government can protect us from the “systemic risk” posed by big banks, insurance companies, and hedge funds.

But who will protect us from the government?

TGIF: Boomerang: Government and Systemic Risk

If you’re not careful when throwing a boomerang, it could come around and hit you in the back of the neck. Politicians and bureaucrats should learn the same lesson when touting their supposedly indispensable role in safeguarding the country’s economic security. If you look closely, you find that they are the biggest source of the very dangers they presume to protect us from.

Read the rest of TGIF here.